The European Union will slap additional tariffs of as much as 38.1% on electric vehicles shipped from China as of next month, escalating a global trade war and upping the cost of selling cars in…
Monthly Archives For June 2024
China’s National Financing Credit Service Platform: Insights and Impact
China has actively developed a National Financing Credit Service Platform to bolster the private sector by enhancing financial support.
European Union Hits E.V.s From China With Tariffs Up to 38%
Leaders in Brussels are trying to curb China’s dominance in the industry, but European automakers fear the taxes will drive up prices and lead to a trade war.
Senior Chinese legislator attends Russia Day reception in Beijing
BEIJING, June 12 (Xinhua) — Peng Qinghua, vice chairman of the Standing Committee of the National People’s Congress of China, attended the Russia Day reception at the Russian embassy in Beijing on Wednesday.
Beijing wants more outfits like Temu teeming around the world
Calls for massive cross-border e-commerce expansion at home and abroad China’s Ministry of Commerce has issued a policy calling for massive expansion of the nation’s cross-border e-commerce
US-China trade war: Up to 25pc EU tariffs on Chinese EVs from next month
Analysts have said they expect EU tariffs of between 10pc and 25pc on Chinese EVs, a move likely to prompt possible retaliation from Beijing. The European Commission has said Chinese EVs receive …
China Said to Weigh Ban on Bank Distribution of Hedge Fund Products
Bloomberg has learned that Chinese regulators are considering tougher restrictions on how banks sell financial products to the public. Such a move could cut off a major distribution channel for some of the nation’s largest hedge…
Biggest Bank in the World Says Ethereum Is ‘Digital Oil,’ Bitcoin ‘Digital Gold’: Report
The world’s biggest bank, the Industrial and Commercial Bank of China (ICBC), is reportedly calling Bitcoin (BTC) “digital gold” and Ethereum (ETH) “digital oil.”
US college instructor recounts surviving stabbing in China to Iowa public radio
An American college instructor has recounted the horror of surviving a stabbing attack in China, offering the first personal account of an incident that has been given limited media coverage within …
Australia anticipates China will lift final obstacle for exports as they ease past 2020 row
Bilateral relations plumbed new lows after a previous Australian government demanded an independent investigation into the causes of and China’s responses to the COVID-19 pandemic. Farrell said Li …
Apple Vision Pro to sell in China, Japan and Singapore by end of this month in first debut outside the U.S.
The headset will start at its highest asking price in China, where it will host apps from local developers, including Chinese tech giants like Tencent and ByteDance. The entrance into international markets comes earlier than…
China’s mild inflation fails to quell fears over weak demand
Beijing | China’s consumer price growth was weaker than expected in May and factory prices dropped for the 20th month in a row, fuelling concerns the world’s second-largest economy is failing to shake …
China’s mild inflation fails to quell fears over weak demand
Beijing | China’s consumer price growth was weaker than expected in May and factory prices dropped for the 20th month in a row, fuelling concerns the world’s second-largest economy is failing to shake …
